Alright, folks, gather ’round because we’ve got ourselves quite the conversation on the latest episode of The Consumer Finance Podcast. Your guy, Chris Willis, the heavyweight at Troutman Pepper’s Consumer Financial Services Regulatory practice, brought some pals along for the ride. We’re talking the likes of Mark Furletti, Stephen Piepgrass, Jesse Silverman, and the illustrious James Stevens.
Contents
State Attorneys General: The Unexpected Players
So what’s the scoop? The gang dives headfirst into the maze of regulations awaiting financial services as a new sheriff (or should we say, president) rides into Washington. Picture this: state attorneys general could be flexing their muscles like never before. With Trump’s potential return, we could see a lot of jockeying for power, and these legal eagles might just be ready to swoop in. [Check out this article](https://www.nytimes.com/2023/01/28/us/trump-state-attorneys-general.html) on the rising influence of state attorneys.
Bank-Fintech Duos: The New Power Couples
But that’s not all, folks. With financial institutions getting cozy with fintech, these partnerships might get interesting. In the last few years, they’ve been the peanut butter and jelly of finance, but how does this play out in a world where the rules may flip? According to [Finextra](https://www.finextra.com/blogs/fullblog.aspx?blogid=20451), the landscape is ripe for innovation. Well, buckle up because it’s about to get more intriguing in this financial playground.
M&A Activity: A Revival or Cold Case?
Now, let’s yak about M&A. We know you love a good merger, like some folks love bagels and lox. With the new regime’s policies, M&As in the financial sector could see a revival. Or maybe not. It’s a toss-up, really. Whether it’s the resurrection of some dormant deals or brand-spanking-new ones that shake up the market, you’d better stay alert. This [Bloomberg piece](https://www.bloomberg.com/news/articles/2023-02-10/us-financial-mergers-could-soar-under-new-administration) dives into potential market movements.
Financial Products: The Reboot
And just when you think it couldn’t get more riveting, we gotta talk about financial products making a comeback. It feels a bit like your favorite Broadway show getting a reboot. Remember those products some folks thought were as dead as disco? Well, they’re possibly inching their way back under the spotlight. This reemergence is worth keeping an eye on, as it’s likely to impact both consumers and providers in fascinating ways. Here’s a [source delving into these revivals](https://www.wsj.com/articles/financial-products-resurgence-11635397601).
Before you start bemoaning a financial Wild West, chill. Team Willis is here to break it down for you. How do firms navigate the rocky terrains while maximizing their opportunities? It’s about leveraging insights, staying ahead of regulatory shifts, and seizing every chance to innovate. [Strategy+Business](https://www.strategy-business.com/article/The-future-of-financial-services-under-Trump-Administration) offers some extra reading on this.
So, grab your earbuds and tune in. This episode’s not just a chat; it’s your compass for what’s next in this crazy world of finance. With these insights, you’ll be ready to take on whatever fiscal adventures await you.
